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mistaouting replied May 12, 2020what do you mean by works on weekly trading? EDIT: how you use it and how affective it is that's on the trader.....back test it to see if it works for you. i think its a good indicator...i don't trade off it alone
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mistaouting replied May 12, 2020could very well be right...ill get a couple H4 candles to gauge price action and direction...but you definitely could be right!
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mistaouting replied May 12, 2020Depending on todays close and Feds speak tomorrow 0960 might be my next target
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mistaouting replied May 12, 2020Actually what I could be looking at is a bullish pennant for the London close....that could be very possible...ill trade it on the breakout if so
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mistaouting replied May 12, 2020glad you put "some point" in bold letters....however I think not any time soon lol. EDIT: you might get a little drop at the London close...doubt that drop takes you to 1.03
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mistaouting replied May 12, 2020I think and its possible that any move down here is just a correction to the move up which will continue...pending Feds remarks
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mistaouting replied May 12, 2020Now lets see if it starts to move sideways from here....i hope 0850 is the support
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mistaouting replied May 12, 20200870 (maybe just north of it) EDIT: and that's for today EDIT: Starting to think this thing goes UP UP....the next two H4 candles may be bullish and possibly sideways from there...until the Feds meeting...who knows just a thought.....ill probably ...
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mistaouting replied May 12, 20200850 is an important level for me to watch! still long EDIT: hope to TP on a few long orders at 0850 and will look to add more longs later
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mistaouting replied May 12, 2020just a joke from the other week...JayBag and another guy had me laughing to hard. all jokes nothing serious. Jay made the guy say yes sir I will behave lol EDIT: plus I don't think this is real move yet
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mistaouting replied May 12, 2020taking smaller lot size wider stop at 0820, still looking to buy lower EDIT: Waiting to see how it does around 0812 EDIT: starting to appreciate that early buy....will adjust levels
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mistaouting replied May 12, 2020nice strategy are you holding positions currently? Are those targets for today only? Do you leave those orders until they are triggered?
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mistaouting replied May 12, 2020interesting strategy...could you explain why? I am expecting it to go down with the next few H1 candles at which i plan to enter short...unless its to close to the CPI
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